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What are the four phases (in order) of the Business Model Development Framework?

Ideation, Implementation, Preparation, Commercialization

Preparation, Implementation, Validation, Scaling

Ideation, Validation, Preparation, Commercialization

Ideation, Preparation, Validation, Scaling

Ideation, Preparation, Implementation, Scaling

Which definition of a business model do we use in C/BM?

A business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts.

A business model is a statement of how a firm will make money and sustain its profit stream over time.

A business model describes the logic of how an organization creates, delivers and captures value for a defined customer group.

A business model is the totality of how a company selects its customers, defines and differentiates its offerings, defines the tasks it will perform itself and those it will outsource, configures its resources, goes to market, creates utility for customers and captures profits.

What are the four steps (in order) of the Lean Startup?

Customer Validation, Customer Creation, Customer Discovery, Company Building

Customer Creation, Customer Validation, Company Building, Scaling

Customer Ideation, Customer Creation, Customer Acquisition, Company Building

Customer Discovery, Customer Validation, Customer Creation, Company Building

Customer Discovery, Customer Validation, Customer Creation, Company Scaling

Which phase(s) of the Business Model Development Framework does the Accelerator Program cover?

Which of the following is the definition of the Lean Startup?

Method to design an innovative product.

Method to build an innovative business model.

Method to build an innovative business strategy.

Method to build an innovative product.

What is the most important KPI for the Accelerator Program?

Target market size

The number of signed contracts

The number of customer interviews

Strategic fit - having a happy home

In the context of Lean Startup, who is best situated to make the determination of whether a project should be a go or a no-go?

Mentors

Teering committee of business unit executives

C/BM team

Project team

Which of the following are major reasons startups fail that we show in our trainings? Check all that apply.

In the context of Industry 4.0, which of the following could be potential customer(s)?

In the context of IoT, which of the following could be a value proposition?

Lower the fear of being fired

Providing advanced data analytics

Connecting to cloud architectures

Sensor-enabled measurements

Increased reputation to get a promotion

What is the main goal of the Accelerator Program?

To find strategically interesting projects.

To find profitable businesses fast.

To provide associates with an agile framework in which they can learn about Lean Startup principles.

To find repeatable, scalable business models.

To find interesting technological innovations.

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